Ryman Hospitality Properties (NYSE:RHP) Downgraded to Sell Rating by Wall Street Zen

Key Points

• Ryman Hospitality Properties was downgraded from a "hold" to a "sell" rating by Wall Street Zen, indicating a negative outlook for the stock.
• Despite the downgrade, eight equity research analysts still maintain a "buy" rating on the stock, with a consensus target price of $114.75.
• The company's last quarterly earnings surpassed expectations, reporting an EPS of $2.35 compared to consensus estimates of $2.31, alongside a 7.5% increase in revenue year-over-year.

Wall Street Zen downgraded shares of Ryman Hospitality Properties (NYSE:RHP - Free Report) from a hold rating to a sell rating in a research report sent to investors on Saturday.

Other equities research analysts have also recently issued reports about the company. Wedbush set a $110.00 price objective on Ryman Hospitality Properties and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Evercore ISI cut their price objective on Ryman Hospitality Properties from $130.00 to $120.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Wells Fargo & Company upped their target price on shares of Ryman Hospitality Properties from $101.00 to $108.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Bank of America lifted their price target on shares of Ryman Hospitality Properties from $105.00 to $110.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Finally, JPMorgan Chase & Co. started coverage on shares of Ryman Hospitality Properties in a research note on Monday, June 23rd. They issued an "overweight" rating and a $117.00 price target on the stock. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Ryman Hospitality Properties currently has a consensus rating of "Moderate Buy" and a consensus price target of $114.75.

Ryman Hospitality Properties Trading Up 1.2%

Shares of RHP stock traded up $1.12 during mid-day trading on Friday, reaching $95.99. The stock had a trading volume of 178,190 shares, compared to its average volume of 811,466. The stock's 50-day moving average price is $98.72 and its two-hundred day moving average price is $96.39. Ryman Hospitality Properties has a 52-week low of $76.27 and a 52-week high of $121.77. The firm has a market capitalization of $6.05 billion, a PE ratio of 22.87, a price-to-earnings-growth ratio of 2.12 and a beta of 1.62. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 4.72.

Ryman Hospitality Properties (NYSE:RHP - Get Free Report) last released its earnings results on Monday, August 4th. The real estate investment trust reported $2.35 earnings per share for the quarter, topping analysts' consensus estimates of $2.31 by $0.04. The firm had revenue of $659.52 million for the quarter, compared to the consensus estimate of $616.56 million. Ryman Hospitality Properties had a net margin of 10.74% and a return on equity of 41.65%. The company's revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.78 EPS. Equities analysts expect that Ryman Hospitality Properties will post 8.81 earnings per share for the current fiscal year.

Insider Transactions at Ryman Hospitality Properties

In other news, Chairman Colin V. Reed acquired 8,356 shares of the business's stock in a transaction that occurred on Monday, June 9th. The stock was purchased at an average cost of $96.92 per share, for a total transaction of $809,863.52. Following the completion of the transaction, the chairman owned 870,406 shares in the company, valued at approximately $84,359,749.52. This trade represents a 0.97% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Alvin L. Bowles, Jr. sold 1,300 shares of the company's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $99.01, for a total transaction of $128,713.00. Following the completion of the transaction, the director directly owned 2,576 shares in the company, valued at $255,049.76. The trade was a 33.54% decrease in their position. The disclosure for this sale can be found here. Insiders own 5.00% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Geneos Wealth Management Inc. boosted its stake in shares of Ryman Hospitality Properties by 240.2% during the first quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust's stock worth $27,000 after buying an additional 209 shares during the period. Heck Capital Advisors LLC acquired a new stake in Ryman Hospitality Properties in the 4th quarter valued at about $31,000. AlphaQuest LLC grew its stake in Ryman Hospitality Properties by 492.9% in the 2nd quarter. AlphaQuest LLC now owns 332 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 276 shares during the last quarter. Fifth Third Bancorp raised its stake in Ryman Hospitality Properties by 175.6% in the 1st quarter. Fifth Third Bancorp now owns 576 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 367 shares during the last quarter. Finally, First Community Trust NA raised its stake in Ryman Hospitality Properties by 20.0% in the 2nd quarter. First Community Trust NA now owns 600 shares of the real estate investment trust's stock valued at $59,000 after purchasing an additional 100 shares during the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc NYSE: RHP is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.